March 01, 2005
Plaza's owner may build new hotel elsewhere
The owner of The Plaza hotel said he wants to build a brand spankin' new luxury hotel after he shutters the historic grand dame and converts it almost entirely into condos, the Daily News reports.
But leaders of the hospitality workers union -- who are protesting the conversion -- said his gambit is just a publicity stunt to counter the bad press over the condo plan.
Elad Properties will close The Plaza at the end of April to convert 805 hotel rooms into 200 condos. It will reopen in 2006 with only 150 hotel rooms, none of which will have Central Park views.
Earlier: Hotels going condo can't keep pace with demand
Hundreds rally in protest of The Plaza's condo plan
Harrods, Canyon Ranch maybe on Plaza's menu?
'Multipurpose' Plaza courting super-fine dept. store
Say it ain't so! The Plaza to go 'condo/retail center'
Nostalgia does not a meal make at Oak Room
Dorothy Parker Society bidding farewell to Oak Room
March 1, 2005 02:03 PM in Hotelology
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